Development: Page 17

  • A shot of the outside of mixed-use apartment building Platform 4611 in Chicago. It was taken at dusk, with some light shining off the windows of the mid-rise building.
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    Courtesy of McHugh Construction
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    PROJECT SPOTLIGHT

    McHugh completes Chicago apartment building started during pandemic

    The 200-unit mid-rise features exposed concrete ceilings, glass facades and views of Lake Michigan.

    By Matthew Thibault • June 6, 2023
  • A row of homes with a red sign in the foreground that reads "FOR RENT."
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    Feverpitched via Getty Images
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    Single-family rental construction more active than ever

    Social changes and high home prices are driving horizontal apartment demand.

    By • June 5, 2023
  • Aerial picture of single-family homes next to a street with trees in the background.
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    Permission granted by Allen & Rocks
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    Q&A

    Maryland SFR development catches on ‘like wildfire’ with active adults

    Allen & Rocks moved into single-family rentals at two Brookfield communities, and it learned that a 55-and-over crowd will lease remotely.

    By • June 2, 2023
  • A rendering of a mid-rise apartment building with a road running underneath a section of it.
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    Permission granted by Legacy Partners
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    PROJECT SPOTLIGHT

    Legacy Partners opens 226 units in Santa Ana, California

    Built on an under-utilized site, Bloom aims to meet a need for denser housing development.

    By • June 1, 2023
  • An apartment building looms in the background, with a road in front. Many of the lights in the windows of individual units are on.
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    Courtesy of Swinerton
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    Charlotte developer tops out mass timber project

    The Joinery will feature two seven-story buildings with a total of 360 units.

    By Matthew Thibault • May 31, 2023
  • The White House in Washington, D.C.
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    TriggerPhoto via Getty Images
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    Debt ceiling deal would speed environmental permitting

    The tenuous agreement could also advance the Mountain Valley Pipeline and help boost the construction workforce, according to one trade group.

    By Julie Strupp • May 31, 2023
  • Brown four-story apartment building around a pool.
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    Permission granted by The Garrett Cos.
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    Q&A

    What slowdown? Indiana developer still sees a robust sales market

    Though The Garrett Cos. likes to hold properties for three to five years, it's still selling deals when they’re stabilized.

    By • May 30, 2023
  • A mid-rise apartment building with a sign that reads "Ltd. by Greystar."
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    Courtesy of Greystar
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    Greystar launches attainable housing brand

    With some built in the company’s newly opened modular factory, Ltd. by Greystar apartments will limit future rent increases for existing residents.

    By • May 30, 2023
  • A rendering of five tall white buildings.
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    Courtesy of El-Ad National Properties
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    DEALS + STARTS

    $1B mixed-use development planned near Miami

    The District in Davie will have 1,256 units at full buildout and cover 2.8 million square feet of residential and retail space.

    By • May 30, 2023
  • A mid-rise apartment building in front of a lawn.
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    Permission granted by ANF Group
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    Deals + Starts: May 2023

    SPI Advisory, ECI Group, Neology and more were in the news this month.

    By Multifamily Dive Staff • May 25, 2023
  • An apartment building with a front plaza that pedestrians are walking through.
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    Courtesy J&L Companies

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    PROJECT SPOTLIGHT

    Leasing begins at transit-oriented tower in Newark, New Jersey’s Ironbound

    Fifty-Five Union aims to foster a cultural connection with the neighborhood through arts and business partnerships.

    By • May 24, 2023
  • Real estate agent and customer walking between apartment buildings.
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    gremlin via Getty Images
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    Virginia-based owner plans to add property management services

    As other firms have scaled back their management presence, Capital Square is jumping into operations.

    By • May 23, 2023
  • A mid-rise apartment building in front of a lawn.
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    Permission granted by ANF Group
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    DEALS + STARTS

    Affordable senior development underway near Miami

    At 410 units, the Douglas Gardens Residences will be the largest property of its kind in Broward County.

    By • May 19, 2023
  • View from a balcony looking out at high rises.
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    Permission granted by Keystone Development + Investment
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    Q&A

    Pennsylvania office developer gets into the conversion game

    After adding a residential component to one building in Philadelphia, Keystone is eyeing three similar projects.

    By • May 19, 2023
  • Cars pull up to a gate with a "Magic Kingdom" sign overhead.
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    Joe Raedle via Getty Images
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    Disney nixes plans to build $1B Orlando office campus

    Even as it canceled its Lake Nona project, the company said it still plans to develop 80 acres of land to create affordable housing in the community.

    By Zachary Phillips • May 19, 2023
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
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    Michael Santiago/Getty Images via Getty Images
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    REITs report positive momentum

    On first quarter earnings calls, executives expressed optimism, though there are pockets of weakness.

    By • May 19, 2023
  • Chicago skyline with high rises
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    Tim Boyle via Getty Images
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    Visionary apartment owner Sam Zell dies at 81

    Multifamily leaders share memories of the real estate trailblazer known as “the grave dancer” for his ability to revive struggling properties.

    By • May 18, 2023
  • An apartment building with a mural of a woman on the side.
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    Permission granted by Monument Realty
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    PROJECT SPOTLIGHT

    Eclectic property opens in Washington, DC’s NoMa neighborhood

    The Greystar-managed building’s bold facade includes multi-story murals and colorful panels.

    By • May 17, 2023
  • The Space Needle stands over the Seattle skyline as Mt. Rainier is seen in the background
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    John Moore via Getty Images
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    REIT Report

    Essex predicts rebound in West Coast markets

    Although it is monitoring other areas for expansion, the REIT is comfortable with its regional focus, according to CEO Angela L. Kleiman.

    By • May 17, 2023
  • A rendering of a room where one person is playing a guitar while three others listen.
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    Permission granted by Premier
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    For Gen Z renters, it’s all about experiences

    Tenants are looking for a place to live tied to a lifestyle or location, as well as “Instagrammable” moments they can share.

    By • May 16, 2023
  • The exterior of an apartment building.
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    Sundry Photography via Getty Images
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    Rents continue rising, with moderate growth expected through 2023

    Tightening credit, a slowdown in construction and lower consumer savings may constrict the sector in the near future, according to a new report.

    By • May 15, 2023
  • People walk down Wall Street January 22, 2008 in New York City
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    Spencer Platt via Getty Images
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    REIT Report

    Camden’s move-outs to homeownership drop amid strong rent growth

    Even though more than 400,000 new units are expected to hit its markets in the next two years, the REIT downplayed the impact of new supply on a recent earnings call.

    By • May 15, 2023
  • Congressional leaders at the White House
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    Anna Moneymaker via Getty Images
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    Business, multifamily leaders urge quick resolution to looming debt ‘catastrophe’

    President Joe Biden and congressional leaders will continue talks on Friday as the threat of a default on the country’s $31.4 trillion debt grows.

    By • May 12, 2023
  • Grey and white high rise apartments with palm trees below.
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    Permission granted by Forman Capital
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    DEALS + STARTS

    Private lender acquires the note for a Neology site in Miami

    The acquisition shows how developers can finance projects even as traditional bank lending stalls.

    By • May 11, 2023
  • An apartment lobby from the exterior.
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    Courtesy of Moris Moreno
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    PROJECT SPOTLIGHT

    Portland, Oregon’s Alta ART Tower designed to connect with artistic neighbors

    The building’s expansive lobby hosts theater performances and gallery events in collaboration with the Artist Repertory Theater next door.

    By • May 11, 2023